On November 20, Liu Song, general manager of Neuberger Berman Investment Management (Shanghai) Co., Ltd., said at the roundtable forum of the 2021 China Banking Wealth Management Forum that China's investment targets in related fields may reach 200 trillion yuan during the period of achieving "carbon neutrality" and "carbon peaking". For asset management companies, this is both an opportunity to bring excellent returns to investors and an opportunity to assume social responsibility.
Liu Song believes that ESG investment is not easy, and the process is full of challenges. Since the 1980s, Neuberger Berman has been investing in ESG at the request of clients in Australia and Europe. Unlike the existing investment process, ESG Investments is a new system for measuring the value of the company's investments. Sometimes, a company's business prospects look good, but it is a bad score to "score" through ESG, and such a company is not worth investing in. Sometimes ESG brings a contradiction between short-term performance and long-term value. However, the final investment performance will prove whether ESG is an investment idea worth studying.
"Looking at a company's ESG score can't be seen from a static perspective." Liu Song said that from the historical data, the performance of companies with high ESG scores is indeed better, and the score has a certain help for the return itself. However, he also pointed out that the discussion of ESG can not only look at the current score, the score reflects a company's past practices, while considering the past performance, but also should be judged the company's future ESG trend. This requires long-term communication between company researchers and the company, even through research to influence the company's development strategy in terms of ESG, and re-evaluate it according to the impact it has.
![The tree of art is evergreen, and the lyrical tenor Liu Song sings a solo concert in Beijing[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)